FEATURES OF TALLY
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Accounting Management: With Tally.ERP 9, automate your invoicing processes or customise invoices, using predefined accounting classifications and classes. Create and print accurate GST bills using the in-built error detection and correction capability in our GST-ready software. Experience simple, fast, meticulous accounting management. Accelerate compliance activities by effortlessly recording statutory transactions. Tally.ERP 9 gives you great flexibility in setting up your chart of accounts. It allows you to group your ledger accounts right at the time of creating your accounts chart. Your reports and statements reflect the desired classification at all times. You can create more ledgers and groups, as per your business requirement. What's more? Generate, view, and automate your reports to view data that help you analyse and foster financial status.
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â—? Interest Calculation: Tally.ERP 9. Choose from a variety of interest styles that favour your business methodology. Simple or compound, Tally simplifies your experience substantially. Levy different interest rates with increasing time durations on outstandings. View specific reports and benefit from detailed interest due's break-up.
â—? Cost Centres and Profit Centres: In Tally.ERP 9, you can identify the cost effectiveness of a project, a department or a team, or an employee with ease. Cost centre break up report with revenue accounts becomes a powerful performance statement of profit and loss reflecting the activities of the cost centre. For example, assign expenses and sales to employees, and you can identify resources that are most effective.
â—? Multi-currency: Globalization offers promising opportunities for businesses of all sizes to expand and indulge in multi-national trade. However, these opportunities are accompanied by the challenges of handling fluctuating FOREX rates, and presenting financial statements in the home currency with the implications of the foreign currencies. Use Tally.ERP 9 to create as many currencies as you require. Define the rate of the currency, the standard selling rate, and buying rate. Tally.ERP 9 calculates the FOREX gain or loss depending on the rates defined. Adjust FOREX gains or loss that may occur as a result of daily variations in rate by simply recording a journal entry.
â—? Balance Sheet and P&L: Your Balance Sheet is a snapshot of your company's financial condition. View the Balance Sheet on a date specified by you to improve visibility and call for necessary action. You can also configure to view your balance sheet in diverse ways - compare financial statement of different periods for different branches, and view them quarterly for improved insights and analysis. Furthermore, you can integrate your accounts with inventory. Inventory balance figures are updated on your balance sheet and P&L automatically.
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